Powered by

MAS to extend US$60b swap facility with US Fed; Since its launch, the facility has provided about US$22b to banks, for use in Singapore and the region

Jul 31, 2020 - The Business Times Singapore

Singapore

THE Monetary Authority of Singapore (MAS) announced on Thursday that it will continue to provide US dollar (USD) through the extension of the US$60 billion swap facility with the US Federal Reserve till March 31, 2021.

The MAS USD facility will offer up to US$60 billion of funding to banks, to facilitate USD lending to businesses in Singapore and the region.

Since its launch in March 2020, the MAS USD facility has provided about US$22 billion to banks, for use in Sing...